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SMMAX RidgeWorth Seix S/T Municipal Bond A

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Fund SMMAX RidgeWorth Seix S/T Municipal Bond A IBMG iShares iBonds Sep 2018 Term Muni Bond FMIFX Fidelity® Municipal Income 2017  
Similarity
?
100% 89% 86%
Annual Fees
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$70.37
(0.69% Exp. Ratio)
$18.36
(0.18% Exp. Ratio)
$40.79
(0.40% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.98% annual return
$14,649.22 $17,082.53 $15,988.41
Est. savings over 30 yrs +$2,433.30 +$1,339.19
Return
As of 10/31/16
1 YR RETURN 0.28%
3 YR 0.61%
5 YR 1.49%
10 YR 2.94%
1 YR RETURN 0.50%
3 YR 1.13%
5 YR --
10 YR --
1 YR RETURN 0.30%
3 YR 0.90%
5 YR 1.95%
10 YR --
Description
The investment seeks to maximize total return through current income that is exempt from federal income taxes and capital appreciation consistent with capital preservation. The fund invests at least 80% of its net assets in municipal securities, including securities subject to the U.S. federal alternative minimum tax, with the income exempt from regular U.S. federal income tax. It will invest primarily in investment grade short-term municipal securities. The advisor expects that it will normally maintain an effective maturity of 3 years or less.
The investment seeks to track the investment results of the S&P AMT-Free Municipal Series 2018 IndexTM (the "underlying index"), which measures the performance of investment-grade, non-callable U.S. municipal bonds maturing in 2018. The fund generally will invest at least 90% of its assets in the component securities of the underlying index, and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index, but which the advisor believes will help the fund track the underlying index. It is non-diversified.
The investment seeks as high a level of current income, exempt from federal income tax, as is consistent with the preservation of capital. The fund invests at least 80% of its assets in investment-grade municipal securities whose interest is exempt from federal income tax. It invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities. It liquidates shortly after the fund's target end-date of June 30, 2017.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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